The Balance Pro Blog

You can either use your existing PayPal balance and email address or choose an alternative payment method such as a bank transfer or a debit card. Here's a guide on how to do both.

If you generate income through your website, or managing multiple clients as a freelancer, chances are you'll receive payments via PayPal. In this guide, we'll explain who gets a PayPal 1099-K, what to do with it, and how to file your self-employment taxes.

The task of scanning numerous new receipts or sorting through your existing collection of invoices can be time-consuming and expensive. Luckily, receipt organizer software provides an efficient solution for storing and organizing your receipts digitally.

Bookkeeping relies on debits and credits to ensure that a company's financial records are balanced. Debits are used to increase asset or expense accounts, while decreasing liability, revenue or equity accounts. Credits do the opposite.

If you earn over $400 in profit in a given year, which is calculated after deducting expenses, you should assume that you owe taxes as an independent contractor, including those who earn money from streaming.

In this article, we'll explore the different options available for receipt scanning and delve into the reasons why this technology has become so popular. Most importantly, we'll take a look at the benefits of using a receipt scanner app.

Transferring funds from PayPal to your bank account is a relatively straightforward process. Keep reading to learn more about how to do it safely and securely.

Effective bookkeeping is essential for the success of any small business. It involves organizing and categorizing all financial transactions to get a clear picture of the flow of money in and out of the business.

Whether you accidentally paid the wrong person or the deal fell through, here's a guide on how to cancel a PayPal transaction, and what to do if cancellation isn't possible.

PayPal provides a simple and convenient way to track all your transactions, and it also allows you to print receipts for your records. In this article, we will guide you on how to print a receipt from PayPal.

Tracking expenses is crucial for any business, as it helps maintain a healthy cash flow and supports informed decision-making. Properly managing expenses allows businesses to understand their financial position, identify potential savings, and ensure tax compliance.

It's no surprise that self-employed individuals strive to minimize their taxable income as much as possible. A frequently asked question is whether they can claim the standard deduction while still deducting business expenses.

PayPal's transfer limits are in place to protect users and their PayPal balances, and they serve as a security measure to prevent unauthorized or erroneous transfers. Learn more about PayPal limits in this article.

In this blog, we'll explore some of the best websites for selling artwork online, providing artists with an easy and convenient way to sell their creations and earn money directly.

The break-even point is a financial term that refers to the level of sales at which a business covers all its costs and makes neither a profit nor a loss. It is the point where the revenue generated by the business equals the total costs incurred.